Getty Realty (NYSE:GTY - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.40-$2.42 for the period, compared to the consensus estimate of $2.33. Getty Realty also updated its FY 2025 guidance to 2.400-2.420 EPS.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective for the company in a research report on Tuesday, December 17th. Bank of America upgraded Getty Realty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $31.00 to $34.00 in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Getty Realty presently has an average rating of "Moderate Buy" and an average price target of $33.75.
Get Our Latest Analysis on GTY
Getty Realty Trading Down 0.3 %
Shares of Getty Realty stock traded down $0.10 during trading hours on Tuesday, reaching $29.54. 416,670 shares of the company's stock were exchanged, compared to its average volume of 313,742. Getty Realty has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a fifty day moving average of $31.63 and a 200-day moving average of $30.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 25.25 and a beta of 0.93.
Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). The business had revenue of $51.47 million for the quarter, compared to analysts' expectations of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same quarter last year, the company posted $0.57 earnings per share. Sell-side analysts forecast that Getty Realty will post 2.23 EPS for the current fiscal year.
Getty Realty Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.36%. This is an increase from Getty Realty's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty's payout ratio is presently 160.68%.
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